How to comply with the Money Laundering Regulations (estate agents)
It’s a criminal offence to trade as an estate agency business without being registered with HMRC for money laundering supervision. Make sure you know the rules, risks and ensure that criminal gangs or unscrupulous individuals are not using your business to exploit their ill-gotten gains.
AML resources for members
Fact sheet: Money Laundering Regulations
The aim of the legislation is to reducing money laundering and increase the transparency of business operations in the UK. More recent regulations have been largely driven in response to Russia’s invasion of Ukraine, where the focus has been on overseas actors.
How to comply with the Money Laundering Regulations (auctioneers)
It’s a criminal offence to trade as a high value dealer or property auctioneer without being registered with HMRC for money laundering supervision. This guide will help protect your business and ensure you understand the rules.
FAQs: Economic Crime Levy (UK)
The levy was announced at Budget 2020 and the Economic Crime (Anti-Money Laundering) Levy Regulations 2022 were published on 11 March 2022. The Regulations came into force on 1 April 2022.
AML compliance checklist
This checklist will highlight areas for improvement in your business. It covers questions which may be asked during a supervisory inspection by HMRC in relation to anti-money laundering (AML) and the counter financing of terrorism.
Identity Verification Form
Our Identity Verification Form will assist you in collecting the important information you need about the vendor. Use this form to tick off the appropriate checks and comply with the money laundering regulations.
More information
Guidance for money laundering supervision
Guidance to help prevent money laundering and terrorist financing if you’re an estate agency or property related business.
Reporting SARs
The NCA's SAR Portal enables you to submit Suspicious Activity Reports (SARs) to the UK Financial Intelligence Unit (UKFIU) positioned within the National Crime Agency (NCA).
Examining identity documents
This Government guide details how to detect basic forgeries in identity documents.
False ID guidance
See the Government's guides on the legislation relevant to false ID, the types of valid ID, and to what action should be taken when presented with false ID.
Detailed information
Government guidance and forms for money laundering regulations. Including registering, fees, the fit and proper test, reporting, compliance checks, penalties and appeals.
OFSI Consolidated List Search
The consolidated list of financial sanctions targets search enables users to find information relating to asset freeze and investment ban targets across all financial sanctions regimes implemented in the UK.
Register with HMRC
HM Revenue and Customs (HMRC) are the AML supervisors for estate agents. They ensure that companies under their supervision comply with the legislation and maintain a register of their supervised population. Apply to register for money laundering supervision or use the link to manage your account.
